Kraken and Backed Launch Tokenized U.S. Stocks on Binance Chain

Kraken, in collaboration with Backed, has announced a significant development in the realm of decentralized finance (DeFi) by integrating tokenized U.S. stocks on Binance Chain. This initiative aims to enhance multichain access to real-world assets (RWAs), allowing users to trade popular equities such as Tesla (TSLA), Apple (AAPL), Nvidia (NVDA), and the SPDR S&P 500 ETF (SPY) as BEP-20 tokens. By leveraging Binance Chain’s infrastructure, these assets will be tradable on platforms like PancakeSwap and compatible with various DeFi protocols, enabling users to engage in trading, lending, and yield farming with traditional equities in a fully on-chain environment.

This move complements existing offerings on networks like Solana, positioning Binance Chain as a key player in the multichain ecosystem for RWAs. The integration not only diversifies investment options but also enhances liquidity and interoperability across different blockchain platforms. The Stock Alliance coalition, which includes Kraken and Backed, aims to accelerate the adoption of tokenized assets by fostering collaboration and innovation within the industry. This initiative underscores the growing trend of bridging traditional finance with decentralized technologies, providing users with more flexible and efficient ways to access equity markets.

The introduction of xStocks on Binance Chain is set to reshape how investors interact with equities by offering a seamless, decentralized alternative to conventional stock trading. Users will benefit from lower transaction costs, faster settlement times, and the ability to integrate these tokenized stocks into DeFi strategies such as collateralized lending and liquidity provision. The composability of these assets within the BNB ecosystem allows for innovative financial products and services that were previously unattainable in traditional markets. This development aligns with Kraken’s vision of a future where capital markets operate across multiple blockchains, enhancing accessibility and efficiency.

Kraken’s co-CEO Arjun Sethi emphasized that the demand for tokenized stocks validates the shift toward a multichain capital market framework. He highlighted that tokenized equities are not merely digital replicas but represent a structural upgrade to financial systems, enabling more dynamic and programmable asset management. The BNB Chain team echoed this sentiment, noting that the partnership unlocks new opportunities for decentralized finance users to engage with traditional equities in a customizable, on-chain manner. The xStocks rollout is anticipated to launch later this month, signaling a new chapter in the convergence of blockchain technology and mainstream finance.

The deployment of tokenized U.S. stocks on Binance Chain by Kraken and Backed marks a pivotal advancement in the integration of real-world assets into decentralized finance. By enabling the trading and utilization of equities like TSLA and AAPL as BEP-20 tokens, this initiative enhances multichain interoperability and expands DeFi’s reach into traditional markets. As the xStocks ecosystem develops, investors can expect increased flexibility, efficiency, and innovative financial opportunities within the BNB network. This collaboration exemplifies the ongoing transformation of capital markets, driven by blockchain technology and the growing demand for accessible, programmable assets.